Every fifth retiree has a maximum of 1,400 euros net per month - German Retiree Incomes Rise, But Dependency on State Support Grows
Retiree incomes in Germany have seen a notable rise, with the average income increasing by nine percent between 2021 and 2024. However, the growing number of retirees is also leading to an increase in those dependent on state support.
In 2024, 20 percent of retirees found themselves with a net income of more than 1,400 euros but less than around 1,790 euros per month. Meanwhile, a mere 2.1 percent of men and a scant 0.2 percent of women received a net pension of at least 2,870 euros, highlighting the disparity in incomes among pensioners.
Every fifth retiree in Germany lives on a maximum of 1,400 euros net per month. Despite the overall increase in incomes, the number of retirees dependent on state support has grown, with around 739,000 people receiving basic security in old age by the end of 2024, a seven percent increase from the previous year.
With 16.3 million people aged 65 and over in Germany, the number of retirees and pensioners continues to rise. While the average income has increased, so has the need for state support, with the increase in those receiving basic security partly attributed to an influx of refugees and entitled persons from Ukraine.
